The Carlyle Group Inc. (NASDAQ:CG) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in The Carlyle Group Inc. (NASDAQ:CG) by 0.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,888,522 shares of the financial services provider’s stock after purchasing an additional 4,920 shares during the quarter. Geode Capital Management LLC’s holdings in The Carlyle Group were worth $195,966,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Golden State Wealth Management LLC acquired a new stake in The Carlyle Group during the 4th quarter worth approximately $25,000. National Pension Service purchased a new position in The Carlyle Group in the 4th quarter valued at $25,000. Valley National Advisers Inc. increased its stake in The Carlyle Group by 149.3% in the 4th quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider’s stock valued at $27,000 after buying an additional 327 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of The Carlyle Group by 253.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 405 shares during the period. Finally, Wilmington Savings Fund Society FSB increased its stake in shares of The Carlyle Group by 8,090.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 901 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 890 shares during the period. 55.88% of the stock is owned by institutional investors and hedge funds.

The Carlyle Group Stock Down 7.3 %

Shares of NASDAQ:CG opened at $35.89 on Monday. The company has a market capitalization of $12.96 billion, a P/E ratio of 12.91, a P/E/G ratio of 0.98 and a beta of 1.72. The stock’s fifty day simple moving average is $47.81 and its 200-day simple moving average is $49.61. The Carlyle Group Inc. has a 52-week low of $30.67 and a 52-week high of $57.50. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.42.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. As a group, equities research analysts forecast that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend was Friday, February 21st. The Carlyle Group’s dividend payout ratio is currently 50.36%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CG shares. Wolfe Research raised The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective on the stock in a report on Friday, January 3rd. Oppenheimer cut The Carlyle Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. Evercore ISI upped their price target on shares of The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 12th. StockNews.com cut shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Finally, Bank of America dropped their target price on shares of The Carlyle Group from $47.00 to $46.00 and set an “underperform” rating for the company in a report on Friday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, The Carlyle Group has a consensus rating of “Hold” and a consensus price target of $54.00.

About The Carlyle Group

The Carlyle Group Inc is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.